Is state’s largest offshore wind project headed for the shoals?

Connecticut could be in danger of losing its biggest offshore wind project — the more than 800-megawatt plan known as Park City Wind. Its developer, Avangrid — parent of United Illuminating and the American arm of the massive, multi-national Spanish energy company Iberdrola — is trying to rewrite, renegotiate, rebid or otherwise alter its offshore wind contract with Connecticut, according to industry sources. Avangrid has cited inflation and high interest rates, along with their causes — COVID, supply chain problems and the Russian invasion of Ukraine — as the factors necessitating more revenue to ensure financing to build Park City. Revolution is being developed by Eversource and Ørsted from hubs at the State Pier in New London and ProvPort in Rhode Island. The port authority running the State Pier has been mired in political, financial and ethical upheaval, but its redevelopment for offshore wind is moving along. One portion is complete, and in just a few weeks, turbine components will be delivered then assembled and shipped out for construction at a lease area called South Fork Wind. Dehkan’s main concern is the port redevelopment Avangrid promised in Bridgeport and the jobs expected along with it, which are tremendously important to the trade unions he works with and the environmental justice community in the area. But that port development was already in big trouble when inflation, high interest rates and Ukraine hit.

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